FACT CHECK: Did Pelosi Invest in Cannabis Company Shorty Before Biden Announced A Pardon For Possession?

Joseph Casieri | Fact Check Reporter

An image shared on Facebook purportedly shows a Reuters-cited story suggesting House Speaker Nancy Pelosi invested in cannabis companies shortly before President Joe Biden granted pardons for marijuana possession.

Verdict: False

The tweet is not from an official news account nor are there any reports from Reuters on the allegation. There is no evidence that Pelosi made any such investments.

Fact Check:

Pelosi was caught on video during the Jan. 6, 2021 Capitol Hill riots threatening to punch then-President Donald Trump, according to USA Today. Biden issued a proclamation Oct. 6 granting a pardon for federal offenses regarding possession of marijuana, the White House declared.

The Facebook image appears to show a tweet from Breaking911 citing a report from Reuters that claimed Pelosi had invested in a cannabis company shortly before Biden’s pardon. “BREAKING: NANCY PELOSI PURCHASED 10,000,000 SHARE OF $WEED 4 DAYS AGO :REUTERS” the post reads. 

The post is inaccurate. This report appears nowhere on the Reuters website, while a fact check from the outlet denies such a report being published. There are no credible news reports suggesting such a transaction.

According to CapitolTrades.com, a website that tracks the stock trades of congress members and their families, there is no indication that Pelosi made any such investment. The last-known trade occurred on Aug. 24, in which the speaker bought $15,000 to $50,000 worth of shares belonging to REOF XX LLC, a lessor of nonresidential buildings, according to ProPublica.

Check Your Fact has contacted Pelosi’s office for comment and will update this piece if a response is provided.(RELATED: Did Justin Trudeau Tweet About Limiting Sexual Partners Due To Monkeypox?)

This is not the first time a fake news report has been shared on social media. Check Your Fact recently debunked a post claiming CBC reported that Trudeau’s son has come out as transgender.

Joseph Casieri

Fact Check Reporter

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